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Morning market review - Sunday, March 22, 2026

Technical analyses of 2 instruments with options data

Kacper MrukMarch 22, 2026Updated: March 22, 20261 min read
Morning market review - Sunday, March 22, 2026

Morning market review indicates strong fear sentiment, as confirmed by the Fear & Greed index, which stands at just 15, indicating extreme investor anxiety. In light of the current Fed interest rate, set at 3.50-3.75%, markets are awaiting the upcoming FOMC meeting, which will take place on April 29, 2026. In today's analysis, we will focus on two instruments that may be crucial in the current market conditions.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin is in a consolidation phase after previous declines. Increases encounter resistance around 72,000 USD, where a rebound previously occurred. The key support level is 66,000 USD, which has been tested several times. The current rebound suggests the possibility of further increases, but the lack of a strong trend indicates potentially limited volatility.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, there is an attempt to bounce off the level of 68,000 USD. The current resistance levels are around 71,000 USD, where prices have encountered sellers multiple times. Technical indicators suggest a possible continuation of the bounce, but the lack of clear volume may limit the extent of the increases. A break below 68,000 USD could accelerate the declines.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows a slight rebound after a previous decline, with resistance around 70,000 USD. The volume is moderate, which may indicate a lack of strong momentum. Support is at 68,500 USD. Technical indicators are neutral, which may suggest a continuation of sideways movement in the short term.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin is consolidating between 68,900 and 69,300 USD. The movements are limited, and the volume remains low, which may indicate a lack of interest in the short term. The key support level is 68,800 USD, and the resistance level is 69,400 USD.

Bitcoin - Options Data

Options data indicates a moderately bullish sentiment with a preference for call options. The Put/Call Ratio is 0.79, suggesting greater interest in upward movements. Key call option levels are 42 USD (+7.7% from ATM) and 44 USD (+12.8% from ATM), which could represent potential targets for increases. The maximum pain is 37 USD, signaling that the price may approach this level in the event of declines. Volume and open positions indicate significant activity in the options market.

Bitcoin - Summary

Bitcoin is in consolidation with key support levels at 68,000 USD and resistance at 72,000 USD. Market sentiment is moderately bullish, which supports a potential rebound. However, the high fear and uncertainty index may limit gains. Options indicate upward targets around 42 USD for IBIT, which corresponds to higher levels on BTCUSD. Key levels to watch are 68,000 USD (support) and 72,000 USD (resistance).

Ethereum - Daily chart (D1)

Ethereum - Daily chart (D1)

On the daily chart of ETHUSD, a continuation of the downward trend that started a few months ago is visible. The recent increases have stopped around the resistance level of 2200 USD, which suggests possible further weakening. Current support is near 2000 USD, and breaking this level may lead to further declines. Trading volume remains relatively low, which may suggest a lack of strong interest in the market at this time.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart of ETHUSD, there is a consolidation in the range of 2100-2200 USD. The current dynamics indicate a lack of clear direction, with a slight bearish advantage. Short-term support is at 2075 USD, and resistance is around 2150 USD. The lack of a breakout from this range may lead to further consolidation.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a recent attempt to bounce from the level of 2080 USD, but the price failed to break the resistance at 2120 USD. We are observing a local downtrend, and the nearest support is at 2100 USD. A breakout below this level could accelerate downward movements. The current volatility suggests caution in short-term trades.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, a short-term downward movement is visible after a failed attempt to break above 2115 USD. The price oscillates in the range of 2105-2115 USD, suggesting the possibility of further consolidation. The nearest support is at 2105 USD, and resistance is at 2115 USD.

Ethereum - Options data

Options data indicates a moderately bullish sentiment with a Put/Call ratio of 0.61. The highest interest in Calls is at strikes $16 and $18, suggesting expectations for an increase in the price of ETHUSD. However, Max Pain is at $12, which may indicate potential declines if market sentiment changes. High volume and Open Interest in Calls and Puts may lead to increased volatility.

Ethereum - Summary

The current situation on ETHUSD suggests a neutral to slightly bullish bias due to options data, although technical analysis indicates possible further declines. Key support levels are 2075 and 2000 USD, while resistances are at 2150 and 2200 USD. Investors should monitor the geopolitical situation, which may affect market sentiment and volatility.

Frequently Asked Questions

How to analyze trading instruments effectively?
Effective analysis combines technical analysis (charts, patterns, indicators) with fundamental analysis (economic data, news events). Understanding both short-term price action and long-term trends is essential.
How do Fed decisions impact markets?
Fed rate decisions affect all asset classes. Higher rates strengthen USD, pressure gold prices, and often weigh on stocks. The tone of Fed communication is often more important than the decision itself.

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